Anadarko Petroleum Co. (APC) Expected to Announce Earnings of $0.33 Per Share

Brokerages expect Anadarko Petroleum Co. (NYSE:APC) to report earnings per share (EPS) of $0.33 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Anadarko Petroleum’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.56. Anadarko Petroleum reported earnings of ($0.60) per share in the same quarter last year, which would indicate a positive year over year growth rate of 155%. The company is expected to issue its next quarterly earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Anadarko Petroleum will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $0.22 to $3.02. For the next year, analysts forecast that the business will report earnings of $1.58 per share, with EPS estimates ranging from ($0.39) to $3.09. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Anadarko Petroleum.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.15. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. Anadarko Petroleum had a negative net margin of 3.83% and a negative return on equity of 7.48%. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.50) EPS.

A number of brokerages have recently issued reports on APC. Macquarie raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Thursday, February 8th. Jefferies Group reaffirmed a “buy” rating and set a $78.00 price target on shares of Anadarko Petroleum in a report on Thursday, February 8th. Zacks Investment Research raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Wednesday. Stifel Nicolaus set a $73.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Scotiabank reissued a “buy” rating and issued a $62.00 price objective on shares of Anadarko Petroleum in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $68.24.

Shares of Anadarko Petroleum (NYSE:APC) traded up $1.77 during midday trading on Thursday, hitting $59.04. 2,169,059 shares of the stock were exchanged, compared to its average volume of 5,861,547. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $32,460.00, a P/E ratio of -19.90, a PEG ratio of 4.40 and a beta of 1.42. Anadarko Petroleum has a 12-month low of $39.96 and a 12-month high of $67.14.

Anadarko Petroleum announced that its board has approved a share repurchase program on Wednesday, February 7th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.25 per share. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -6.73%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fis Group Inc. bought a new stake in Anadarko Petroleum during the 3rd quarter worth approximately $107,000. Stelac Advisory Services LLC bought a new stake in shares of Anadarko Petroleum during the third quarter valued at approximately $107,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Anadarko Petroleum during the third quarter valued at approximately $116,000. Avestar Capital LLC bought a new stake in shares of Anadarko Petroleum during the fourth quarter valued at approximately $129,000. Finally, Cerebellum GP LLC bought a new stake in shares of Anadarko Petroleum during the fourth quarter valued at approximately $131,000. Institutional investors own 83.82% of the company’s stock.

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About Anadarko Petroleum

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

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Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

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